The Japanese stock market ended again with a small minus on Friday. It was the third loss in a row. Investors took little risk ahead of the long weekend in Japan.
A record increase in the number of domestic corona infections has fueled fears that the country will take more stringent measures to slow the spread of the virus.
Tokyo’s leading Nikkei eventually closed 0.4 percent lower at 25,527.37 points. The Japanese main index nevertheless posted a small gain this week. On Monday, the financial markets in Tokyo are closed due to a national holiday.
At the companies, Hitachi Metals made a price jump of almost 10 percent. According to business newspaper Nikkei, parent company Hitachi has started accepting bids for its stake in the manufacturer of the metal.
On the macroeconomic front, it was found that Japanese consumer prices in October fell year-on-year at the fastest rate in almost a decade. Japanese industrial activity also contracted in November for the nineteenth month in a row. The figures underscore the fragile nature of Japan’s economic recovery from the corona crisis, according to economists.
The other stock market indicators in the Asian region showed a mixed picture. The stock exchange in Shanghai was up 0.2 percent in the meantime.
The Chinese central bank kept its key interest rates unchanged for the seventh straight month. The Hang Seng index in Hong Kong climbed 0.3 percent, and in Seoul, the Kospi remained almost flat. The Australian All Ordinaries in Sydney lost 0.1 percent.